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(Bloomberg) — German meat exports are under threat following the first case of foot-and-mouth disease there in almost four decades, in another potential blow to the country’s producers. Most Read from Bloomberg The disease can affect animals including cattle, sheep and pigs and was found in water buffalo near Berlin, in the first case since … Read more
(Bloomberg) — Chancellor of the Exchequer Rachel Reeves will speak in Parliament for the first time on Tuesday since the UK was rocked by market turbulence, one of several potential flash-points for the Labour leadership this week. Most Read from Bloomberg Reeves’ appearance in the House of Commons is officially to give a statement about … Read more
(Bloomberg) — One of Wall Street’s most speculative trades just had some of the froth wiped out in dramatic fashion. The outlook is looking murky from here onwards. Most Read from Bloomberg Quantum computing stocks — some of which soared more than 1,000% last year — have tumbled after Nvidia Corp.’s chief executive officer last … Read more
The Sizewell C muclear power plant aims to generate enough electricity to power 6m homes.Photograph: EDF The cost of building the Sizewell C nuclear power plant in Suffolk has doubled since the plans were presented to the UK government in 2020 and could now reach close to £40bn, according to reports. A rise in construction … Read more
WASHINGTON (Reuters) – U.S. small-business confidence surged to the highest level in just over six years in December, extending post election gains. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index increased 3.4 points to 105.1 last month, the highest reading since October 2018. It was the second straight month … Read more
By Suzanne McGee and Davide Barbuscia (Reuters) – Los Angeles-based asset management firms are grappling with the impact of the region’s destructive wildfires on their operations, with some relocating office space and supporting staff members who have lost their homes. The Los Angeles area is home to large industry players like Capital Group, TCW Group … Read more
East Lancashire councils have provided updates about bin collections after the recent cold snap, which led to disruption. The recent icy weather has impacted bin collections meaning collections for some people may have been missed. Hyndburn Council said it has added “additional catch-up crew” to cover any missed collections last week. It has urged people … Read more
(Bloomberg) — Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Most Read from Bloomberg Investors are expecting Indian stocks to post another quarter of losses as a slowdown in economic growth and sticky inflation hurt corporate earnings and foreign flows. The benchmark … Read more
British finance minister Rachel Reeves has faced opposition calls to resign (Dan Kitwood) Britain’s finance minister Rachel Reeves is expected to address parliament Tuesday to try and regain the confidence of markets in the face of rising pressure over the country’s struggling economy. Chancellor of the Exchequer Reeves, in the role for just over six … Read more
Recruitment firm Robert Walters said it has cut more staff as the wider hiring market continues to struggle. It came as the company told investors it no longer expected to make a profit for the year. The firm is one of a raft of recruitment companies to have been knocked by the weak jobs market, … Read more